Definitions by Design - Business Management Glossary  
Business Management Definitions - I

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Intangible Assets
Also known as intangibles, knowledge assets, and intellectual capital. Non-physical assets including brands, reputation, copyrights, patents, trademarks, trade secrets, know-how, and goodwill. According to 12manage.com, in 1978, 5% of all corporate assets were intangible; in 1998, 72% were intangible; currently, 75-85% of all assets are intangible.

 

 

Intellectual Property
Original creative work produced in a tangible form that can be legally protected, e.g. by a patent, trademark, or copyright. Any product of someone's intellect that has commercial value.

 

 

Intrepreneur
A person who acts as an innovative entrepreneur within the confines of a business or organizational structure. A company's reliance on middle- and lower-level managers and teams to spot new business opportunities, develop strategic plans to pursue them, and create new business.






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